Trump announces key cabinet nominations including Bessent for treasury secretary

President-elect Donald Trump announced key nominations for his administration on Friday. Scott Bessent, a hedge fund manager, will be nominated as treasury secretary, while Russel Vought will return as budget chief. Lori Chavez-DeRemer is chosen for labor secretary. Bessent aims to focus on reducing the national debt, while Vought is known for his conservative budget proposals. Trump also appointed Scott Turner as housing secretary and rounded out his health team with several doctors, including Dr. Janette Nesheiwat as surgeon general. These appointments mark a shift towards a more conservative financial strategy compared to previous administrations. Bessent's nomination is notable as he would be the first openly gay treasury secretary if confirmed.